YFDai Finance (YFDAI)

IEO

Last updated: Feb 10, 2021

YFDAI is a DeFi protocol and ecosystem that manifests decentralized finance vision by offering DeFi services to
anyone with an internet connection.

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Overview

Project industry	Finance Services & Banking
Product type	Platform
Whitepaper	Open
Onepager	Open

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What is YFDai Finance

YFDAI is an entire permissionless DeFi ecosystem that combines Staking & Farming services and soon, Lending/Borrowing services, SafePredict, and Insurance together with their own DEX called SafeSwap and their own LaunchPad where legitimate projects in the DeFi space can launch their new vetted projects with contract audits, locked liquidity and locked dev tokens in time release smart contracts.

Whereas other DeFi protocols rely upon minting new tokens to sustain their staking and farming rewards, YFDAI has allocated tokens for these products which will be replenished with fees generated by the ecosystem. YFDAI also has a deflationary burn mechanism built into the platform that will ultimately reduce the total supply to just 13,950 tokens. YFDAI’s mission is to clean up the DeFi space by de-risking the purchase of new projects by performing due diligence vetting and requiring adherence to the same protocols that YFDAI itself adhered to on their launch. YFDAI’s motto is ‘no more exit scams or rug pulls.’

Details

IEO (Bibox Launchpad): Feb 07, 2021 - Feb 08, 2021
Token supply: 21,000 YFDAI

Token info

Ticker: YFDAI
Token standard: ERC20
Token distribution:
37% - Circulating Supply
35% - Staking and DAO
12% - Team & Advisors
10% - Development
5% - Marketing
1% - Reserved